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T hailand F utures Ex change

T hailand F utures Ex change August 10, 2005 Kesara Manchusree Managing Director About TFEX The Stock Exchange of Thailand 99 . 99% 99.99% 99.99% T hailand F utures Ex change Established in 2004 Paid up capital USD 2.5 mln. T hailand C learing H ouse Established in 2004

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T hailand F utures Ex change

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  1. Thailand FuturesExchange August 10, 2005 Kesara Manchusree Managing Director

  2. About TFEX The Stock Exchange of Thailand 99.99% 99.99% 99.99% Thailand Futures Exchange Established in 2004 Paid up capital USD 2.5 mln. Thailand Clearing House Established in 2004 Paid up capital US$ 2.5 Mil. + Reserved fund from parent US$ 10 Mil

  3. Mission To be a world class exchange for the trading and hedging of Thai derivatives products • Commitment • Offering an efficient infrastructure to our market participants with easy access and at a reasonable cost. • Maintaining a fair, orderly and transparent market. • Customer oriented and new products development. • Promoting knowledge based environment.

  4. Business Strategy • Increase product coverage & enhance liquidity • Launch new products line including sector index futures, Bond or S-T interest rated futures and Index options & Stock options • Launch incentive programs to attract market maker to help provide liquidity. Enhance knowledge and understanding in the existing and draw attention to new products by organizing educational and promotional programs for both foreign and local investors • Simulation trading Competition • Event marketing: local& overseas Product & liquidity Education & Marketing • Internet trading , direct access • Partner with members to improve quality and expand number of sales force Build brand awareness and image Reach and influence target market Tools: Seminars Publications Road show Public Relation Market Access

  5. TFEX’s Product Universe Type Underlying • Equity • Index • Individual stocks • Debt • Interest rate • Bonds / Bills • Others • Currency • Gold • Crude oil • Etc. Futures Options Options on Futures The first product will be SET50 Index Futures Bond/interest rate futures, index and stock options are planned to launched during the first two years

  6. TFEX member • The first brokerage membership opportunity in TFEX was announced in late May this year. • The first group of brokerage members will be clearing members. • The final list of TFEX member will be announced in late August. • Incentive program for liquidity provider will soon be launch to attract those who wish to make maket in TFEX.

  7. Our Product Highlight • Representative of Thai investable stocks. • Based on the top 50 listed companies • which are most liquid and largest in size. • Highly correlated with SET index. • Command 70% of total market capitalization and cover 60% of daily trading volume. • Daily Volatility of 1.15% SET50 • Easy, fast and efficient through TFEX integrate trading and clearing system. ( OMX Click XT and SECUR) • No capital gain tax for individual investors • Contract size of UD$ 12,500. SET50 Futures

  8. The Thai Market Movement: Jan 03 – Jul 05

  9. Size and Volume of the Thai Market

  10. SET50 Index Futures (Draft)

  11. Opportunities at TFEX • Thailand is one of the fastest growing economy in Asia with population over 60 Million. • Great potential growth of capital market with highly liquid stock market. • Open economy with large numbers of international brokers . • No restriction on foreign investors & No transaction tax. • Launching date (soft launch) in Nov 05.

  12. Thailand Futures Exchange www.tfex.co.th For More Information Please contact our at 662-229-2757

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